A tenancy for years is established when a lease specifies what?

A tenancy for years is a type of leasehold estate that is defined by its explicit duration, which is specified in the lease agreement. This means that the lease will clearly state when it begins and when it ends, establishing a fixed term for the tenancy. The primary characteristic that distinguishes this tenancy is that it does not require any notice to end the lease, as the expiration date is predetermined and agreed upon by both parties.

While elements such as the method of payment, type of property, and rights of the landlord may be important aspects of a lease agreement, they do not establish the tenancy for years concept itself. The essence of this type of tenancy lies in the clear declaration of the lease's duration, which governs the relationship between the landlord and the tenant for that specified time frame.